Highly prospective exploration company

Resource projects cover more than 1,713 km2 in three provinces at various stages, including the following: hematite magnetite iron formations, titaniferous magnetite & hematite, nickel/copper/PGM, chromite, Volcanogenic Massive and gold.

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Message: Re: FNC Evaluation - Market Cap
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FNC Evaluation
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goldhunter11
Mar 25, 2012 01:27PM
Re: FNC Evaluation
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Mtl_gold
Mar 25, 2012 04:00PM

Mtl_gold

Thanks for pointing that out. However, for consistency I always pick the Market Cap for a company using the value shown on Stockhouse Overview page. I beleive they used the OS value (74.9M shares, on that page as well).

$0.265 x 74.9M = $19.84 M rounded off to $20M (which is SH's and not my estimate)

At least when I compare the values of FNC against another one like CHM (17.5%), or RGX (9M shares) the comparison would be consistent and based on the same source/methodology.

Perhaps I should have indicated the source for the Market Cap value.

goldhunter

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